The Korean situation, although not directly affecting Israel, was discussed today by the Israel Cabinet. Foreign policy questions were reviewed at the meeting in terms of the latest international developments.

It was learned here today that the U.N. Security Council’s resolution on Korea was received yesterday by the Israel Government. An acknowledgment of its receipt was cabled today by Foreign Minister Moshe Sharett to U.N. Secretary-General Trygve Lie.

At today’s Cabinet meeting agreement was reached on suggestions to be submitted to the Israel Parliament regarding the coming of a deputy for President Chaim Weismann to replace him during his absence. Dr. Weizmann is expected to leave soon for a rest in Switzerland.

Problems concerning the continuation of the emergency law on military security were also discussed at the session. Full accord was reached by all members of the Cabinet with regard to these problems. Rabbi J.L. Maimon, Minister of Religion, did not participate in today’s meeting although it was announced yesterday by the Religious Bloc that he would remain in the Cabinet. Rabbi Maimon walked out of a Cabinet meeting last week in protest against the government’s decision to import non-Kosher meat from the United States.

Meanwhile, the Israel Parliament passed a 59,465,000-pound ($166,502,000) revenue bill for the current fiscal year. The vote was 60-34. The Parliament added an anticipated 4,500,000 pounds to the bill after it was submitted by the government. This was accomplished through provision for stricter collection of income tax, higher excise taxes on tobacco, gasoline and alcholic beverages, increased license fees on motor vehicles and higher land taxes.

As an inducement to increase exports and savings, the bill was amended so that the Finance Minister may grant tax exemptions on earnings from abroad; payment of bonuses up to 15 percent for increased production; and deductions of up to 500 pounds on sayings in government bond issues designated by the Finance Ministry.